2.4 EXAMINATION/ASCERTAINMENT OF INTERNAL CONTROL IN EDP
2.5 INTERNAL CONTROL INCOMPUTERIZED ACCOUNTING SYSTEM
CHAPTER THREE
3.1 RESEARCH METHODOLOGY
3.2 POPULATION AND SAMPLE SIZE
3.3 DATA COLLECTION
3.4 CONCLUSION
3.5 RECOMMENDATION
BIBLIOGRAPHY
INTRODUCTION
Computer is an electric device, which accept and process
data by following a set of instruction (programmers) to produce an accurate and efficient result (information). It is very systematic and computer and operates within a system theory. It has input, control processing units, output and the backing storage.
A computer may be analog; digit and hybrid computers. It can also be mainframe, mini and micro computer.
Computer has passed many generation. We are now in the fifth generation of computer known as the micro age. Computer of this generation uses artificial intelligent. It is important that the auditor, auditing in computer environment, like companies to be aware of the nature of computer accounting system uses in such companies. A computerized accounting system is a system which the electronic data processing (EDP) is used in recording, processing, retrieving and up dating the accounting records. The use of EDP in accounting system keeps a very wide rang accounting information, such a pay role, purchases and creditor ledger, sales and debtors ledger, cash book inventories, fixed assets as well as financial analysis of profit projection or forecasting cash flow and statement budgeting, capital investment and many others.
The use of computer in the accounting system ensure more efficient and reliability in processing of information since computer hardly make mistake. Unless mistake resulting from faulty data input.
In auditing organization with computerized system, the auditor responsibilities and duties do not change rather it is the means and form of processing financial that changes.
The auditor still owns the duty of skill and care in carrying out his assignment or engagement. It becomes indispensable that the auditor should acquaint himself with the particular management information system, especially the computer installation concerned.
It is also advisable that the auditor should acquire the organization chart and data flow chart of the computer installation at an early stage of the audit. This will help him to have the overall picture of the system in operated. He should concentrate on the system of internal control and internal check, and also, ensure adequate and efficient operation of the internal control system. The use of computer does not in any way change the duty of an auditor. What has change is the form and method of keeping accounting records in the company.
He is still expected to express an opinion as to the true and fair view of the states of affairs of the company irrespective o change in form of keeping financial records. It is important therefore, that the auditor should improve his methods, techniques and procedure in order to achieve his audit objective
THE ROLE OF AUDITORS IN COMPUTERIZED ACCOUNTING SYSTEMS
TABLE OF CONTENT CHAPTER ONE 1.1 INTORDUCTION 1.2 STATEMENT OF PROBLEM 1.3 STATEMENT OF HYPOTHESIS 1.4 SIGIFICANCE OF THE PROBLEM 1.5 LIMITATION OF THE STUDY CHAPTER TWO 2.1 REVIEW OF LITEARTURE 2.2 HISTORICAL REVIEW 2.3 NEEDS FOR COMPUTER IN AUDIT TODAY 2.4 ROLE OF AUDITOR IN EDP SYSTEM 2.5... Continue Reading
ABSTRACT The integrity of auditors in Nigeria has been frequently cautioned. The way at which Nigerian auditors secure their audit assignments and the rate at which they lobby for auditing jobs put their independence in jeopardy. Even though recognized professional accounting... Continue Reading
(A CASE STUDY OF OBINGWA LOCAL GOVERNMENT AREA ABIA STATE) ABSTRACT Various accounting system is being used by different organizations or firms to speculate and analyse their financial statue. However, for an organization to know the system of accounting they will adopt depends on the kind of... Continue Reading
CHAPTER ONE 1.5 INTRODUCTION Accounting has long been an organizational function especially with the advent of non owner managers who need to update what is happening in the organization. Maintaining, preparation and presentation of accounts is crucial for business success as well as organization for effective decision making whether it is a... Continue Reading
COMPUTERISED ACCOUNTING SYSTEMS ANS AN AID TO EFFICIENT MANAGEMENT OF AN ORGANIZATION (A CASE OF A,B,C TRANSPORT ) CHAPTER ONE 1.0 INTRODUCTION Accounting has long been an organizational function especially with the advent of non owner managers who need to update what is happening in the organization. Maintaining, preparation and presentation of... Continue Reading
ABSTRACT The study evaluated the accounting systems in use by small scale enterprises operating in Enugu south east of Nigeria. The study was necessitated due to high rate of small scale enterprises failure. The population of... Continue Reading
ABSTRACT Auditors have a role to play in the economic development of Nigeria, but this is not achieved because of the problems are uncompromising attitude on the part of their client’s staff, conflict during report writing, absence of accounting manuals in the organisations, the ambiguous nature of the... Continue Reading
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF UBA PLC,) ABSTRACT The depress in Nigeria economy and the role of auditors has played to revamp the economy is a concern to all. This particular study therefore studied the whole phenomenon of depress as to the causes procedures for classifying the economy as depressed and them... Continue Reading
This study assessed the impact of employee motivation on workers performance in Nigeria Communications Commission. The objectives of the study were to examine the relationship between training and increased competence for staff of Nigeria Communications Commission, examine the relationship between financial incentives and work habits for staff of... Continue Reading
ABSTRACT This research study is a comparative analysis of computerized accounting system and manual accounting system with reference to Ama breweries plc. and African petroleum plc. all in Enugu state. It is a survey research. The study is a comparative evaluation of computerized accounting system and manual accounting system to ascertain which... Continue Reading